MakeMyTrip (STU:MY1) Days Payable: 238.13 (As of Mar. 2026) — 114% Above Median


STU:MY1 MakeMyTrip Ltd STU:MY1
63 GF Score
Price €50.16
GF Value €91.38
Valuation Possible Value Trap
! 4 Warning Signs
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What is MakeMyTrip Days Payable?

MakeMyTrip STU:MY1 -0.28% 63 Days Payable is 238.13 as of Mar. 2026, which is 114% above its 10-year median of 111.38. GuruFocus rates STU:MY1 with a GF Score™ of 63/100 and a GF Value™ of €91.38 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 781 Travel & Leisure companies, MakeMyTrip ranks better than 83.74% on this metric.

MakeMyTrip's average Accounts Payable for the three months ended in Mar. 2026 was €134.5 Mil. MakeMyTrip's Cost of Goods Sold for the three months ended in Mar. 2026 was €51.5 Mil. Hence, MakeMyTrip's Days Payable for the three months ended in Mar. 2026 was 238.13.

The historical rank and industry rank for MakeMyTrip's Days Payable or its related term are showing as below:

STU:MY1' s Days Payable Range Over the Past 10 Years
Min: 73.66   Med: 111.38   Max: 366.75
Current: 188.32

During the past 13 years, MakeMyTrip's highest Days Payable was 366.75. The lowest was 73.66. And the median was 111.38.

STU:MY1's Days Payable is ranked better than
83.74% of 781 companies
in the Travel & Leisure industry
Industry Median: 56.99 vs STU:MY1: 188.32

MakeMyTrip's Days Payable increased from Mar. 2025 (192.71) to Mar. 2026 (238.13). It may suggest that MakeMyTrip delayed paying its suppliers.


MakeMyTrip Days Payable Historical Data

* Premium members only.

The historical data trend for MakeMyTrip's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

MakeMyTrip Days Payable Chart

MakeMyTrip Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 172.55 80.51 96.30 105.06 155.50

MakeMyTrip Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 192.71 156.47 269.95 165.98 238.13

STU:MY1 vs GBTG, TNL, LIND: Days Payable Comparison

For the Travel Services subindustry, MakeMyTrip's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


MakeMyTrip Days Payable vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, MakeMyTrip's Days Payable distribution charts can be found below:

* The bar in red indicates where MakeMyTrip's Days Payable falls into.


STU:MY1
63GF Score
MakeMyTrip Ltd STU:MY1
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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MakeMyTrip Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

MakeMyTrip's Days Payable for the fiscal year that ended in Mar. 2026 is calculated as

Days Payable (A: Mar. 2026 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2025 ) + Accounts Payable (A: Mar. 2026 )) / count ) / Cost of Goods Sold (A: Mar. 2026 )*Days in Period
=( (84.394 + 117.447) / 2 ) / 236.881*365
=100.9205 / 236.881*365
=155.50

MakeMyTrip's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (151.569 + 117.447) / 2 ) / 51.542*365 / 4
=134.508 / 51.542*365 / 4
=238.13

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 238.13 mean?
MakeMyTrip (STU:MY1) has a Days Payable of 238.13 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on MakeMyTrip and its competitors. This is 114% above median its historical median of 111.38. Over the past decade, MakeMyTrip's Days Payable has ranged from 73.66 to 366.75. According to the industry distribution chart, MakeMyTrip ranks #127 out of 781 companies in the Travel & Leisure industry, placing it in the top 16.3%.
Is MakeMyTrip's Days Payable too high?
MakeMyTrip's current Days Payable of 238.13 is 114% above median its 10-year median of 111.38. Over the past 10 years, this metric has ranged from a low of 73.66 to a high of 366.75. The Travel & Leisure industry median Days Payable is 56.99. MakeMyTrip's value of 238.13 is 317.8% above this industry median. Based on the distribution chart, MakeMyTrip ranks #127 out of 781 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, MakeMyTrip has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does MakeMyTrip's Days Payable compare to GBTG and TNL?
According to the Travel & Leisure industry distribution chart, MakeMyTrip ranks #127 out of 781 companies for Days Payable. This places MakeMyTrip in the top 16% of its industry — outperforming the majority of peers. The industry median Days Payable is 56.99. MakeMyTrip's value of 238.13 is 317.8% above this benchmark. Historically, MakeMyTrip's own Days Payable has ranged from 73.66 to 366.75 over the past decade. While the company's 10-year median is 111.38 vs. the industry median of 56.99, MakeMyTrip has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Travel & Leisure company?
The median Days Payable among Travel & Leisure companies is 56.99, based on 781 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MakeMyTrip's current Days Payable of 238.13 is 317.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on MakeMyTrip and its competitors. For the Travel & Leisure industry, the median Days Payable is 56.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MakeMyTrip's current Days Payable is 238.13, which is 114% above median its own 10-year median of 111.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MakeMyTrip stock overvalued right now?
Based on GuruFocus' analysis, MakeMyTrip (STU:MY1) is currently considered Possible Value Trap. The stock's GF Value™ is €91.38, compared to a current price of €50.16 — trading 45.1% below its estimated fair value. The current Days Payable is 238.13, which is 114% above median its 10-year median of 111.38 and 317.8% above the Travel & Leisure industry median of 56.99. MakeMyTrip's overall GF Score™ is 63/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For MakeMyTrip (STU:MY1), the current Days Payable is 238.13 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is MakeMyTrip (STU:MY1) Overvalued in 2026?

Based on GuruFocus' analysis, MakeMyTrip stock appears to be undervalued. The current stock price of €50.16 is trading 45.1% below its estimated GF Value™ of €91.38. GuruFocus considers MakeMyTrip to be Possible Value Trap.

Key valuation signals for STU:MY1:

  • Days Payable: 238.13 (114% above median its 10-year median of 111.38)
  • GF Value™: €91.38 vs. price of €50.16 (45.1% below fair value)
  • GF Score™: 63/100 with 4 warning signs
  • Industry Position: 317.8% above the Travel & Leisure median (#127 of 781)

No single metric tells the full story. See the STU:MY1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MakeMyTrip Business Description

Other Exchanges MMYT:USA
Address DLF Cyber City, DLF Phase 2, 19th Floor, Building No. 5, Sector 24, Gurugram, HR, IND, 122002
MakeMyTrip Ltd is an online travel company, which provides online booking solutions for day-to-day travel needs. The company's operating segment includes Air ticketing; Hotels and packages; Bus ticketing and Others. It generates maximum revenue from the Hotels and packages segment. The Hotels and packages segments include internet-based platforms, call-centers, and branch offices, which provide holiday packages and hotel reservations. Its Air ticketing segment includes internet-based platforms, provides the facility to book domestic and international air tickets. Geographically, it derives a majority of revenue from India and also has a presence in the United States; South East Asia; Europe, and other countries.
63GF Score

Get the complete analysis for STU:MY1

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€50.16
Price
€91.38
GF Value